3D chess being played by our management.
Should Albemarle (1) make a binding proposal at $3.00 per share, subject to agreement of a mutually acceptable binding scheme implementation agreement (2), the intention of the Liontown Board is to unanimously recommend shareholders vote in favour (3) of the proposal in the absence of a superior proposal (4) and subject to an independent expert concluding (and continuing to conclude) that the proposed transaction is in the best interests of shareholders (5).
That paragraph above must have been drafted and worked over dozens of times. The intention of the board to recommend is only if all these five ducks line up.
IMO the ducks are not going to line up and the Board is not going to recommend shareholders accept. This announcement LTR is giving ALB a polite and straight down the barrel response to their BAFO. Professional as always.
We are going mining and I'm looking forward to dividends.
Load up, screw over the 100M+ shorters, I have.
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- Ann: Revised Proposal from Albemarle
Ann: Revised Proposal from Albemarle, page-306
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